Skeptics, including some Republican lawmakers, quickly objected by saying that trading partners and rivals would slap counter-tariffs on U.S. products and increase costs worldwide.

"The President is proposing a massive tax increase on American families," said Sen. Ben Sasse, R-Neb., adding that "you'd expect a policy this bad from a leftist administration, not a supposedly Republican one.

TVNL Comment: Uh...Donald....do you understand that the US will now be hit by counter-tariffs? American consumers will pay the price. Oh well, this is what you get when you put a dummy in the Oval Office.